Digital Forensics Market Expected to Expand at a Steady CAGR through 2027

03/apr/2017 07.58.18 Ankush Nikam Contatta l'autore

In the recent past, rapid advancements in computer and mobile phones have caused the use of these devices in criminal activities. The increasing complexity of cybercrimes coupled with the fast evolving digital landscape today, creates a challenging and dynamic environment for investigators to operate in. Forensic science landscape is rapidly evolving, as digital and cyber-attacks become more frequent. Digital forensics encompasses recovery and investigation of electronic data and information found in digital devices. Highly specialized tools and techniques are used to trace the origin of cyber-attacks, information security breaches, industrial espionage, financial fraud and identity fraud among others illegal activities. Currently, digital forensics researchers and practitioners face major challenges from problems in computer science, including big data analysis, data visualizations, natural language processing and cyber-security. Moreover, digital forensic services providing companies have grown over the years increase in digitalization of data, growing number of mobile connections globally.

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Digital Forensics Market: Drivers and Restraints

With advancements in traditional crime lab infrastructure, the adoption of digital forensics is growing, thereby driving the market for digital forensics over the forecast period. In addition to this some of the prominent drivers for digital forensics market are factors such as growing penetration in corporate sectors, rise in cyber-attacks and crime. Furthermore, rapid increase in the number of mobiles, computers, and other electronic devices, the demand for digital forensics expected to grow further significantly. On the other hand, factors such as lack of specialized skills as well as high level of encryption in new mobile applications may act as a major restraint for the digital forensics market.

Digital Forensics Market: Segmentation

Digital forensics market can be segmented on the basis of type, services, vertical and regions. On the basis of type the digital forensics market can be segmented into computer forensics, network forensics, cloud forensics, mobile device forensics, database forensics and others. On the basis of service, the digital forensics market can be segmented as digital investigation and consulting, incident response, system integration, training, maintenance and support and other. Whereas the vertical segment in the digital forensics market may include aerospace and defense, government, healthcare, BFSI, retail and logistics, telecommunication, media and entertainment and others. Regionally, digital forensics market can be segmented into North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan, Japan, and Middle East and Africa.

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Digital Forensics Market: Regional Outlook

Digital forensics market is dominated by the North America region. North America dominance is attributed to rising adoption of digital forensics in various industries such as based in the region. On the other hand, Asia Pacific Excl. Japan, and Japan is expected to grow at a significantly as compared to the other region in the digital forensics market and will see a good growth rate in the future. Asia Pacific Excl. Japan is expected to great opportunities digital forensics market due to the wide adoption of computers and mobile devices. Eastern Europe, Latin America and MEA is expected to see a moderate growth rate in the digital forensics market.

Digital Forensics Market: Competition Landscape

Among the prominent players involved in digital forensics market, companies such as Access Data, Parable Corporation, Global Digital Forensics and Magnet Forensics Inc. among others are focusing on organic as well as inorganic strategies to strengthen their position in the digital forensics market. For instance, in April 2016, Magnet Forensics Inc., a provider of digital forensic software, launched a new digital investigation platform ‘Magnet AXIOM’ to enabled forensics investigators to easily acquire, analyse, and share digital evidence from computers, smartphones, and tablets.

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